CA IPCC Taxation May 2014 - Syllabus, Amendments, Notes

*From this year, A rebate of Rs.2,000 from tax calculated will be available for people having an annual income upto Rs.5 Lakh. Thus we can say that tax payable in 10% slab will be maximum Rs.28,000 (taking into account Rs.2,000 tax credit).

Surcharge of 10% will be payable if income is above Rs.1 Crore

Income Range

Men and Women (Below 60 Years of Age)

Senior Citizens (Men and Women above 60 years of age) but below 80 years